Finding 578050 (2021-006)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2021
Accepted
2023-11-10
Audit: 2850
Organization: Laramie Regional Airport (WY)

AI Summary

  • Core Issue: The Airport missed the nine-month deadline to submit its audit report, violating federal requirements.
  • Impacted Requirements: Compliance with 2 CFR Part 200 Subpart F, specifically 200.501, is necessary for timely audit submissions.
  • Recommended Follow-Up: Ensure future audit reports are filed on time to avoid repeat findings and maintain compliance.

Finding Text

2021-006: Audit Completion and Submission to the State and Federal Government - Material Weakness and Non-Compliance Criteria: Single Audits under 2 CFR Part 200 Subpart F 200.501- Audit Requirements are required to be submitted through the Federal Clearinghouse nine months from the recipient's year end. Condition: The Airport did not submit the audit report in the nine month time frame as required by the Uniform Guidance. Cause & Effect: A significant amount of turnover in the accounting department. Noncompliance with the federal requirement to submit an audit report nine-months after year end. Questioned Costs: None noted. Repeat Finding: Yes 2020-006 Recommendation: We recommend that the Airport file audit reports in compliance with 2 CFR 200.512(a)(1). Response: Please see final page of this report for management's response as found on the Airport's letterhead.

Categories

Material Weakness

Other Findings in this Audit

  • 1608 2021-006
    Material Weakness Repeat
  • 1609 2021-007
    Material Weakness
  • 578051 2021-007
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program $1.77M